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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Mr Metals who wrote (291)12/30/1997 6:54:00 AM
From: Zardoz  Read Replies (1) of 3558
 
"Now this is what I call a company to short.LOL."

Thanks Mr Metals: I know you are being sarcastic {not in your nature}
But I'm looking at the short term for ABX, not one year or more. Share buy backs, increased production, higher gold prices; all make for a higher share price. Problem is that all of them take time. I guess I see it slightly different than you guys do. Let's see GOLD down at 6:53 EST, the risk is getting less.

I look at the $22.00 CDN that I bought, and now sold & shorted at $26.75. Guess that means I got until $31.50 CDN before I truly have to worry... What, two trading days? Huh!

Happy NEW YEAR!
PS: Gold @ 290.1/290.6 DN 1.25 from NY
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